Deutsche Bank reportedly moving Jacksonville jobs overseas

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Deutsche Bank AG (NYSE: DB) is moving 60 accounting positions from its Jacksonville operation to Mumbai, Bloomberg reported Friday. Bloomberg cites people with knowledge of the matter who say the move is part of a larger shift to outsourcing jobs to India in a cost-cutting effort. The bank's Jacksonville office grew from fewer than 100 employees in 2008 to more than 1,800 in 2016. A Deutsche Bank spokesperson told Bloomberg: “We regularly review our footprint and look for ways to raise operational...

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